• Post last modified:October 5, 2020
  • Post category:Insurance

It is no secret that many first-time renters are on a right budget. While you may be trying to save as much as possible to meet next month’s rent, that does not mean you can pass on crucial insurance. CT renters STILL need to purchase a renters insurance policy. So how can you cut costs without turning away from the important stuff? Here are a few tips!

8 ways to live on a tight budget:

#1: Make it a habit to use cash rather than your credit card. This way, you can keep track of your spending rather than lose track by swiping far too often (and too easily!)

#2: Make your own coffee in the morning rather than your usual Dunkin Donuts stop. You will be amazed by how much you will save after only a month!

#3: Quit eating out all of the time! Purchasing your own groceries and making meals is much cheaper in the long run.

#4: Don’t be afraid to start clipping coupons. These savings will add up at the grocery store.

#5: Avoid driving if possible. If something is in walking distance, grab a jacket and go!

#6: Bundle your renters and auto insurance. This is a great way to save on both.

#7: Generic and store-brand products have the same results as the expensive big-name brand.

#8: Do you really need those extra movie channels? Figure out what you can get rid of in terms of television and entertainment.

As you can see, there are always other ways to save! Passing on renters insurance will not only put you at financial risk, but may end up causing you to move back home. Why is it so important? With renters insurance, CT residents will have their personal possessions covered as well as their own liability. Bottom line: do not sacrifice your own personal protection; there are plenty of other ways to save!